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ECB"s Lane says central bank could cut rates in future, will ensure spreads don"t hurt policy transmission
In a blog post after the poorly-received European Central Bank decision, ECB Chief Economist .....»»
BOJ"s Kuroda meets with PM Abe and vows response to coronavirus
The Bank of Japan is ready to take further steps to support the economy in the face of the coronavirus epidemic, Governor Haruhiko Kuroda said after a meeting with Prime Minister Shinzo Abe on Thursday......»»
Wells Fargo’s culture was ‘broken,’ new CEO tells lawmakers
Charles Scharf is the third Wells Fargo chief executive in three years to face questioning by Congress. The bank has struggled to recover from a series of consumer abuse scandals......»»
Key Words: Head of U.S.’ largest bank says central banks are fueling a sovereign debt bubble, negative-rates won’t ‘end well’
J.P. Morgan chief Jamie Dimon says negative interest rates in Europe and Japan are his top concern and warns that the U.S.government is to blame for slow economic growth.....»»
BlackRock warns of backlash against firms delaying climate action
BlackRock Chief Executive Larry Fink has warned company boards to step up efforts to tackle climate change or face increased wrath from investors concerned about how unsustainable business practices might curb their future wealth......»»
BlackRock threatens backlash against firms who delay climate change action
BlackRock Chief Executive Larry Fink has warned company boards to step up efforts to tackle climate change or face increased wrath from investors concerned about how unsustainable business practices might curb their future wealth......»»
Ghana May Issue Digital Currency in ‘Near Future,’ Says Central Bank Chief
Ghana is joining the ranks of nations eyeing the launch of a central bank digital currency, and is already in talks over a pilot project......»»
Westpac Bank chief resigns over $7 billion money-laundering scandal
The bank’s CEO, Brian Hartzer, was given 12 months' notice and will still get his $2.7 million Australian dollar salary ($1.83 million). He will forfeit unvested bonuses and is ineligible for future bonuses......»»
Lebanon"s eurobonds drop after cenbank chief says solution needed to avert collapse
Lebanon's eurobonds sharpened their sell-off on Monday after Central Bank Governor Riad Salameh said a political solution was needed to the country's crisis in days to regain confidence and avoid a future economic collapse......»»
Japan’s Central Bank Chief Calls for International Effort on Libra Regulation
The governor of the Bank of Japan has called for global cooperation in regulating stablecoins like the Facebook-led Libra......»»
Meet Chris Gorman, future CEO of KeyBank
Chris Gorman is set to become the next Chairman and CEO of KeyCorp following the pending retirement of Beth Mooney, who has led the bank since 2011. Gorman will succeed Mooney on May 1, 2020. On Sept. 19, he was appointed president and chief operati.....»»
China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief
China should revamp its plan for a national digital currency in the face of Facebook's Libra cryptocurrency, says the central bank's former head......»»
Deutsche Bank capital-boosting debt dips on restructuring fears
Deutsche Bank's capital-boosting Additional Tier I (AT1) debt issues fell on Monday on worries over future challenges Germany's biggest lender may face in a planned overhaul......»»
Markets see long fight ahead as ECB battles low inflation expectations
Mario Draghi's dramatic Tuesday hints of further monetary easing by the European Central Bank has stabilized collapsing euro zone inflation expectations, but the departing ECB chief will struggle to calm market fears of Japan-style economic stagnation......»»
Mnuchin to meet with China central bank official at G-20: report
U.S. Treasury Secretary Steve Mnuchin will meet with Yi Gang, governor of the People's Bank of China, this weekend at the G-20 summit in Japan, Reuters reported Tuesday night. It will be the first face-to-face meeting between.....»»
Deutsche Bank CEO readies investment bank cuts as stock hits low
Deutsche Bank's chief executive is prepared to make "tough cutbacks" in its investment banking business, whose future is in doubt after several failed restructurings, in order to be profitable and competitive......»»
Despite headwind, Japan"s Nomura says intent on going it alone
Japan's Nomura Holdings has no plan to follow the lead of Wall Street rivals and seek a tie-up with a commercial lender, its chief executive told Reuters, pledging to stay independent even as the investment bank faces its first annual loss in a decade......»»
Factbox: Big bank CEOs face the heat over pay disparity at Capitol Hill
Chief executive officers of some of America's largest banks, including JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc, on Wednesday testified before Congress, where they were grilled on a wide range topics......»»
U.S. bank CEOs face off with Congress for the first time since financial crisis
Chief executives of some of the largest U.S. banks will testify before Congress on Wednesday, giving lawmakers their first opportunity to grill the lenders since the 2007-2009 financial crisis......»»